Experts say it’s less than Rs. 3 a day. That’s all you need to pay to take care of your family. Life journeys through many twists and turns. You may not be all set for it, but you have to face it. Accidents, mishaps and other adverse situations bring along terrible consequences. They can leave a hollow on your life both emotionally and financially, if you are not prepared for it. Some 80,000 people die annually in road accidents in India and if we consider other deaths due to other accidents the figures are much higher. About 40% of those who die are below the age of 45. The accident insurance brings to you a comprehensive cover that protects you from all adversities of life.
Accident Guard Insurance This plan can be taken in multiple units of Rs.5 lacs up to Rs. 1 crore. As on add-on, you can also take an accidental Weekly Benefit in multiples of Rs. 1,000 up to Rs. 10,000.
A plan that covers you and your entire family: Another feature of Accident Guard is that it also allows you to insure your family members like your spouse and children. Your spouse will be covered for 50% of the principal sum insured whereas each of your children will be insured for 10% of the principal sum insured.
MaxSum insured opted can be - In case of Salaried Person - Max 10 times of Income (as appearing in Form 16 / Salary Slip / IT Acknowledgement). In case of Self Employed Person - Max 20 times of income (as appearing in IT Acknowledgement / Audited P & L).